Incorporated in 2006, Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health and group health segments which accounted for 89.3% and 10.7% of the company’s total GWP in Fiscal 2021 respectively.
The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of Sep 31, 2021, its network distribution includes 779 health insurance branches across 25 states and 5 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 11,778 hospitals.
Competitive strengths
- Largest private health insurance company in India with leadership in the attractive retail health segment.
- Largest network distribution in the health insurance industry.
- Diversified product suite with a focus on innovation and specialized products.
- Strong risk management with superior claims ratio and quality customer services.
- Demonstrated track record of operating and financial performance.
Company Promoters:
Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.
Company Promoters:
Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 30-Sep-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 49,749.42 | 21,008.88 | 44,665.72 | 18,967.69 | 16,426.35 |
| Total Revenue | – 4,946.80 | 3,343.05 | – 9,077.76 | 4,619.61 | 2,262.54 |
| Profit After Tax | – 3,802.69 | 1,992.87 | – 8,255.81 | 2,680.02 | 1,282.26 |
Company Promoters:
Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 30-Sep-20 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 49,749.42 | 21,008.88 | 44,665.72 | 18,967.69 | 16,426.35 |
| Total Revenue | – 4,946.80 | 3,343.05 | – 9,077.76 | 4,619.61 | 2,262.54 |
| Profit After Tax | – 3,802.69 | 1,992.87 | – 8,255.81 | 2,680.02 | 1,282.26 |
Company Contact Information
Star Health and Allied Insurance Company Ltd
No.1, New Tank Street,Valluvarkottam High Road,
Nungambakkam, Chennai 600 034
Phone: +91 44 2828 8800
Email: investors@starhealth.in
Website: http://www.starhealth.in/
Star Health IPO Registrar
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: starhealth.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Star Health IPO Lead Manager(s)
- Ambit Private Limited
- Axis Capital Limited
- BofA Securities India Limited
- Citigroup Global Markets India Private Limited
- CLSA India Private Limited
- Credit Suisse Securities (India) Private Limited
- DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
- ICICI Securities Limited
- IIFL Securities Ltd
- Jefferies India Private Limited
- Kotak Mahindra Capital Company Limited
- SBI Capital Markets Limited
Lead Manager Reports